eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 10,974 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at $23,228,813.25. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jamie Iannone also recently made the following trade(s):
- On Tuesday, July 1st, Jamie Iannone sold 12,644 shares of eBay stock. The stock was sold at an average price of $76.02, for a total value of $961,196.88.
- On Monday, June 9th, Jamie Iannone sold 12,644 shares of eBay stock. The stock was sold at an average price of $79.06, for a total transaction of $999,634.64.
- On Monday, May 5th, Jamie Iannone sold 10,000 shares of eBay stock. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00.
- On Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $67.96, for a total value of $679,600.00.
eBay Stock Performance
Shares of NASDAQ:EBAY traded up $0.56 during mid-day trading on Friday, reaching $76.34. 2,162,941 shares of the company traded hands, compared to its average volume of 5,047,638. The firm has a market cap of $35.19 billion, a PE ratio of 18.18, a PEG ratio of 2.13 and a beta of 1.26. eBay Inc. has a 52 week low of $52.15 and a 52 week high of $79.84. The company's 50 day moving average price is $73.53 and its 200-day moving average price is $68.56. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17.
eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.25 earnings per share. On average, equities analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.
eBay Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. eBay's dividend payout ratio (DPR) is 27.62%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of eBay from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. UBS Group lifted their price objective on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Stifel Nicolaus boosted their price target on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price objective on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald boosted their price target on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, eBay presently has an average rating of "Hold" and an average target price of $67.85.
Get Our Latest Stock Analysis on EBAY
Institutional Investors Weigh In On eBay
Several large investors have recently bought and sold shares of the business. Wealth Preservation Advisors LLC bought a new position in shares of eBay during the first quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Abound Financial LLC bought a new stake in eBay during the 1st quarter valued at $29,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay during the fourth quarter valued at about $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter valued at approximately $33,000. Institutional investors own 87.48% of the company's stock.
About eBay
(
Get Free Report)
eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.
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